Answer Financial Inc., provider of the SAM'S CLUB Insurance Services program, will offer group health insurance plans to small businesses through the SAM'S CLUB Insurance Services program, enabling business owners to provide a suite of employee benefits.This launch builds on an already extensive list of insurance products available nationwide geared toward SAM'S CLUB business members including commercial property, liability and worker's comp insurance as well as auto, home, life and individual health insurance plans. The initial rollout of group health will be to five states largely populated with SAM'S CLUB business members: Illinois, Missouri, North Carolina, Ohio and Tennessee.
The new products are Preferred Provider Organization (PPO) plans with a range of deductibles, coinsurance and out-of-pocket limits to fit the budget of virtually any employer. These small group health plans are geared toward companies with between two and 99 employees looking to replace an existing plan or add health insurance as a new employee benefit.
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